RH PetroGas (SGX:T13) - Share price, News & Analysis

T13 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

T13 Stock Overview

RH PetroGas Limited, an investment holding company, engages in the exploration, development, and production of oil and gas resources in Indonesia.

Rewards

Trading at 84.7% below our estimate of its fair value

Became profitable this year

Risk Analysis

Highly volatile share price over the past 3 months

Shareholders have been diluted in the past year

RH PetroGas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for RH PetroGas
Historical stock prices
Current Share Price	S$0.23
52 Week High	S$0.43
52 Week Low	S$0.025
Beta	1.83
1 Month Change	-26.56%
3 Month Change	23.68%
1 Year Change	840.00%
3 Year Change	459.52%
5 Year Change	201.28%
Change since IPO	-92.06%

Shareholder Returns

	T13	SG Oil and Gas	SG Market
7D	2.2%	3.3%	0.5%
1Y	840.0%	92.6%	-1.5%

Return vs Industry: T13 exceeded the SG Oil and Gas industry which returned 94.2% over the past year.

Return vs Market: T13 exceeded the SG Market which returned -0.7% over the past year.

Price Volatility

Is T13's price volatile compared to industry and market?
T13 volatility
T13 Average Weekly Movement	17.5%
Oil and Gas Industry Average Movement	10.1%
Market Average Movement	5.2%
10% most volatile stocks in SG Market	12.3%
10% least volatile stocks in SG Market	2.4%

Stable Share Price: T13 is more volatile than 90% of SG stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: T13's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

Founded	Employees	CEO	Website
1987	n/a	Francis Chang	https://www.rhpetrogas.com

RH PetroGas Limited, an investment holding company, engages in the exploration, development, and production of oil and gas resources in Indonesia. The company holds a 70% working interest in the Kepala Burung production sharing contract (PSC) that covers an area of approximately 1,030 square kilometers located onshore in the Bird’s Head area of West Papua in eastern Indonesia; and a 70% working interest in the Salawati Kepala Burung PSC covering a total area of 1,137 square kilometers onshore and offshore in the Bird’s Head area of West Papua, Indonesia. The company was formerly known as T8ri-M Technologies Singapore Limited and changed its name to RH PetroGas Limited in November 2009.

RH PetroGas Fundamentals Summary

How do RH PetroGas's earnings and revenue compare to its market cap?
T13 fundamental statistics
Market Cap	US$141.14m
Earnings (TTM)	US$23.61m
Revenue (TTM)	US$82.47m

6.0x

P/E Ratio

1.7x

P/S Ratio

Is T13 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
T13 income statement (TTM)
Revenue	US$82.47m
Cost of Revenue	US$44.82m
Gross Profit	US$37.65m
Other Expenses	US$14.04m
Earnings	US$23.61m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.028
Gross Margin	45.65%
Net Profit Margin	28.63%
Debt/Equity Ratio	0%

How did T13 perform over the long term?

See historical performance and comparison

Valuation

Is RH PetroGas undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: T13 (SGD0.24) is trading below our estimate of fair value (SGD1.53)

Significantly Below Fair Value: T13 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: T13 is good value based on its PE Ratio (6x) compared to the SG Oil and Gas industry average (6.4x).

PE vs Market: T13 is good value based on its PE Ratio (6x) compared to the SG market (12x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate T13's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: T13 is overvalued based on its PB Ratio (7.5x) compared to the SG Oil and Gas industry average (0.6x).

Future Growth

How is RH PetroGas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-1.8%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RH PetroGas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has RH PetroGas performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

36.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: T13 has high quality earnings.

Growing Profit Margin: T13 became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: T13 has become profitable over the past 5 years, growing earnings by 36.9% per year.

Accelerating Growth: T13 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: T13 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (104.2%).

Return on Equity

High ROE: T13's Return on Equity (124.9%) is considered outstanding.

Financial Health

How is RH PetroGas's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: T13's short term assets ($47.0M) exceed its short term liabilities ($36.2M).

Long Term Liabilities: T13's short term assets ($47.0M) exceed its long term liabilities ($7.9M).

Debt to Equity History and Analysis

Debt Level: T13 is debt free.

Reducing Debt: T13 currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: T13 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: T13 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is RH PetroGas's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate T13's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate T13's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if T13's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if T13's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as T13 has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure

CEO

Francis Chang

8.33yrs

Tenure

Mr. Cheng-Hsing Chang, also known as Francis, has been the Group Chief Executive Officer of RH PetroGas Limited since January 1, 2014. Mr. Chang's 35 years' experience with US based major and independent o...

Leadership Team

Experienced Management: T13's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Experienced Board: T13's board of directors are seasoned and experienced ( 13.4 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31